Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Stock Price Down 1.3% – What’s Next?

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) shares dropped 1.3% during mid-day trading on Monday . The company traded as low as $41.77 and last traded at $41.77. Approximately 30,300 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 50,930 shares. The stock had previously closed at $42.32.

Defiance Next Gen Connectivity ETF Price Performance

The stock’s fifty day moving average is $41.52 and its 200-day moving average is $39.71. The stock has a market cap of $605.67 million, a PE ratio of 22.54 and a beta of 1.36.

Institutional Investors Weigh In On Defiance Next Gen Connectivity ETF

A number of hedge funds have recently modified their holdings of the company. Advantage Trust Co boosted its stake in Defiance Next Gen Connectivity ETF by 1.4% during the third quarter. Advantage Trust Co now owns 60,881 shares of the company’s stock worth $2,641,000 after buying an additional 865 shares during the period. Lynx Investment Advisory purchased a new position in Defiance Next Gen Connectivity ETF during the second quarter worth about $30,000. EverSource Wealth Advisors LLC purchased a new position in Defiance Next Gen Connectivity ETF during the first quarter worth about $45,000. Finally, Beaumont Financial Advisors LLC purchased a new position in Defiance Next Gen Connectivity ETF during the first quarter worth about $201,000.

Defiance Next Gen Connectivity ETF Company Profile

The Defiance 5G Next Gen Connectivity ETF (FIVG) is an exchange-traded fund that is based on the MVIS Bluestar 5G Communications index. The fund tracks a tier-weighted index of global equities related to 5G networks. FIVG was launched on Mar 4, 2019 and is managed by Defiance.